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  • IMF SAYS GLOBAL GROWTH COULD FALL TO 2.8 PCT IN 2016 AND 2017 UNDER ITS "SEVERE" ALTERNATIVE SCENARIO OF UK- EU DIVORCE NEGOTIATIONS GOING BADLY, FINANCIAL STRESS INTENSIFYING.

  • LONDON— Exposing the uncertainties unleashed by Britain's decision to leave the European Union, the U.K. minister in charge of negotiating the divorce said Sunday that most EU citizens in Britain when it leaves the bloc will be able to stay— but some might have to leave. Brexit Secretary David Davis dismissed suggestions that the estimated 3 million EU...

  • LONDON, July 14- New Prime Minister Theresa May ruthlessly overhauled the British cabinet on Thursday, sacking a raft of ministers, promoting loyalists and putting supporters of Britain's exit from the European Union firmly in charge of negotiating its terms. A day after replacing David Cameron, May told the head of the European Commission that Britain needed...

  • LONDON, July 14- New Prime Minister Theresa May showed a ruthless streak on Thursday in building a cabinet to lead Britain's exit from the European Union, while her finance minister said he would do whatever was necessary to restore confidence in the economy. Her most contentious appointment is Foreign Secretary Boris Johnson, who compared the EU's aims to...

  • *Bank of England surprises by keeping rates on hold. *France reacts strongly to Boris Johnson appointment. LONDON, July 14- New Prime Minister Theresa May showed a ruthless streak on Thursday in building a cabinet to lead Britain's exit from the European Union, while her finance minister said he would do whatever was necessary to restore confidence in the economy.

  • LONDON, July 13- Theresa May became Britain's prime minister on Wednesday with the task of leading its complex divorce from the European Union, and quickly named leading' Brexit' supporters to key positions in her new government. The former Conservative interior minister, 59, said after being appointed by Queen Elizabeth that she would champion social justice...

  • LONDON, July 13- Having fought her way to the top of British politics, new Prime Minister Theresa May will face an even tougher battle in power: plotting a divorce from the European Union that she once opposed but now says must not be halted. Despite having campaigned to remain in the EU before the June 23 Brexit referendum, May, 59, said she would steer Britain through...

  • LONDON, July 13- Britain's tough former interior minister Theresa May became prime minister on Wednesday, promising to champion social justice and rise to the challenge of leading the country out of the European Union. May, 59 assumed office after an audience with Queen Elizabeth and drove straight to her new home of 10 Downing Street, vacated hours earlier by...

  • LONDON, July 13- Theresa May became Britain's new prime minister on Wednesday, promising to carve out a bold new future in the world as she embarks on the monumental task of leading the country out of the European Union. May, 59 assumed office after an audience with Queen Elizabeth and drove straight to her new home of 10 Downing Street, vacated hours earlier by David...

  • *May to enter Downing St as prime minister. LONDON, July 13- Theresa May replaced David Cameron as Britain's prime minister on Wednesday, assuming responsibility for the monumental task of negotiating a complex divorce from the European Union. She is also Britain's second female head of government after Margaret Thatcher.

  • LONDON, July 13- Outgoing Prime Minister David Cameron urged his successor Theresa May on Wednesday to keep Britain close to the European Union, even as she embarks on the monumental task of ending four decades of membership. "My advice to my successor, who is a brilliant negotiator, is that we should try to be as close to the European Union as we can be for the benefits...

  • LONDON, July 13- Having fought her way to the top of British politics, new Prime Minister Theresa May will face an even tougher battle in power: plotting a divorce from the European Union that she once opposed but now says must not be halted. The Brexit vote thrust Britain into political crisis with both major parties in leadership battles and investors left...

  • LONDON, July 13- Sterling fell on Wednesday after two days of strong gains, as attention shifted away from the political picture in Britain and towards the prospect that the Bank of England could cut interest rates on Thursday. Sterling had rebounded sharply in the previous two days, having hit a 31- year low last week, as the news that British interior minister...

  • LONDON, July 13- Outgoing Prime Minister David Cameron urged his successor Theresa May on Wednesday to keep Britain close to the European Union, even as she embarks on the monumental task of ending four decades of membership. "My advice to my successor, who is a brilliant negotiator, is that we should try to be as close to the European Union as we can be for the benefits...

  • LONDON, July 13- Sterling was firmer on Wednesday, trading near a two-week high against the euro as Theresa May was set to take over as Britain's prime minister, easing some of the political uncertainty that has dogged the currency in the past few weeks. The uncertainty over whether Britain will be able to retain access to the single market after exiting the EU,...

  • ISTANBUL, July 12- U.S. businesses, Britain's biggest foreign investors, largely factored in the vote to leave the European Union and now want to see exit talks progress slowly, a top executive at the U.S. Chamber of Commerce said. "You will see minimal investment going to the UK in the short term, a watchful period to see how Britain and Europe negotiate the exit," he said,...

  • LONDON, July 12- German leaders stepped up the pressure on Britain's incoming prime minister Theresa May on Tuesday by demanding she swiftly spell out when she will launch divorce proceedings with the European Union. "The task of the new prime minister... will be to get clarity on the question of what kind of relationship Britain wants to build with the European...

  • LONDON, July 12- Britain will not rush to trigger divorce proceedings with the European Union, a leading ally of incoming Prime Minister Theresa May said on Tuesday as David Cameron bowed out at his final cabinet meeting. She will face the enormous task of disentangling Britain from a forest of EU laws, accumulated over more than four decades, and negotiating new...

  • LONDON, July 12- Britain will not rush to trigger divorce proceedings with the European Union, a leading ally of incoming Prime Minister Theresa May said on Tuesday as David Cameron bowed out at his final cabinet meeting. She will face the enormous task of disentangling Britain from a forest of EU laws, accumulated over more than four decades, and negotiating new...

  • *May had been due to contest ballot with Andrea Leadsom. LONDON, July 11- Interior minister Theresa May will become Britain's prime minister on Wednesday, with the task of steering its withdrawal from the European Union, after rival Andrea Leadsom abruptly terminated her disastrous leadership campaign. Britain's planned withdrawal has weakened the 28-...